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26903977
26903976

1300 Tortoise Rock Dr, Washington, UT 84780

KM
UT UT 9789720-SA00
Newmark Mountain West
JM
UT 5505861-SA00, NV B.7448LLC
Newmark Mountain West Las Vegas
Listed by Newmark Mountain West, Newmark Mountain West Las Vegas
$8,600,000
265 days on market
Updated 37 days ago

WASHINGTON GATEWAY APARTMENT LAND

Details
Property Type Land, Multifamily
Sub Type Apartment Building
Square Footage 362,855
Units 196
Class A
Acreage 9.440
Ownership Fee Simple

Land | 9.44 acres

Marketing description

Prime 8.3-acre multifamily development site located at Washington Parkway & Buena Vista Blvd in Washington, Utah, offering direct I-15 access via Exit 13 and unmatched freeway visibility. Zoned for high-density multifamily, the site supports approximately 196 units (~24 units per acre) with no additional entitlements required—only final site plan and building permits remain. The property is shovel-ready with utilities stubbed to the lot line and is positioned within the Washington Gateway master-planned community, surrounded by retail, hospitality, and commercial phases. Washington County is one of the fastest-growing regions in Utah, with a population increase of nearly 43% since 2010 and annual growth averaging 2.7%. New projects in the immediate area are achieving $1.50–$1.99 PSF rents with strong lease-up velocity at 95%+ occupancy. At an asking price of $9,300,000 ($47,449 per unit), this site offers investors a rare chance to capture demand in one of Southern Utah’s most dynamic markets.

Investment highlights

  1. 8.3-acre multifamily development site – Zoned for high-density residential with capacity for approximately 196 units (~24 units per acre).

  2. Shovel-ready with utilities in place – All major infrastructure stubbed to the property line; only final site plan and building permits remain.

  3. Prime location within Washington Gateway – Direct I-15 access and freeway visibility, surrounded by new retail, hospitality, and commercial phases.

Listing Contacts

KM
UT UT 9789720-SA00
Newmark Mountain West
JM
UT 5505861-SA00, NV B.7448LLC
Newmark Mountain West Las Vegas
Listed by Newmark Mountain West, Newmark Mountain West Las Vegas

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Additional Information

Name
Kristopher Mortensen
License
UT 9789720-SA00
Name
Jeffrey Mitchell
License
5505861-SA00
Brokerage
Newmark Mountain West
Brokerage Phone
801.456.8800
Title
Principal
Brokerage Address
312 East South Temple Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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